MEMORANDUM OF DECISION
HENRY J. BOROFF, Bankruptcy Judge.
The issues presented in this Chapter 13 case raise important questions regarding the interplay between the rights of mortgage holders and those of financially-strapped property owners seeking relief under the Bankruptcy Code. At a time when the soaring foreclosure rate has left a backlog of bank-owned properties, and both owners and banks often choose to simply walk away—leaving abandoned...
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